Contribution caps to rise from 1 July 2021

One of the final pieces to the contribution jigsaw is now in place for 1 July 2021, with the half-yearly AWOTE figure for November 2020 being published, confirming indexation of the concessional contribution (CC) cap from $25,000 to $27,500. Indexation of the CC cap applies in $2,500 increments and is measured against the base figure…